SHARES on Bursa Malaysia rebounded from its earlier losses to close marginally higher yesterday, lifted by late bargain hunting, said dealers.
The FTSE Bursa Malaysia KLCI (FBM KLCI) benchmark index fluctuated between 1,778.13 and 1,771.32 before ending at 1,777.5, up 0.68 point from Monday.
Maybank Kim Eng regional chartist Lee Cheng Hooi said the local market was stable despite volatility on the external front, especially the continued uncertainty over the United States government shutdown.
On the scoreboard, the Finance Index declined 7.31 points to 16,567.12, Plantation Index fell 15.18 points to 8,348.78 and the Industrial Index lost 18.63 points to 3,042.19.
The FBMT100 shed 0.91 point to 12,102.96 and the FBM 70 Index erased 23.87 points to 14,114.8. The FBM Emas Index gained 1.2 points to 12,365.5 and the FBM ACE Index rose 41.51 points to 5,373.79.
Gainers led losers by 365 to 332, with 337 counters unchanged, 577 untraded and 15 others suspended.
Turnover fell to 1.513 billion shares worth RM1.487 billion from 1.622 billion shares worth RM1.232 billion on Monday.
Among heavyweights, Petronas Chemicals rose four sen to RM6.83 and Axiata Group perked two sen to RM6.93.
Meanwhile, FBM KLCI futures contracts on Bursa Malaysia Derivatives redeemed recent losses to close higher, in sync with the underlying cash market.
October 2013, December 2013 and March 2014 earned two points each to 1,779, 1,779 and 1,774.5, respectively, while November 2013 rose three points to 1,779.5.
Turnover expanded to 4,258 lots from Monday's 4,008 lots, while open interest improved to 45,441 contracts from 45,042 contracts on Monday. Bernama